Intel Corporation (INTC): They Have To Fix The Balance Sheet, Says Jim Cramer
Intel Corporation (NASDAQ:INTC)'s shares have stabilized this week after CEO Lip-Bu Tan met with President Trump to assure him of his loyalty to America. Trump had demanded last week that Tan leave his role as Intel Corporation (NASDAQ:INTC)'s CEO due to his ties with Chinese companies. Cramer commented on the developments and on reports of disagreements within the firm's board:
Thank you for bringing that [story about differences in Intel's board] up because I was going to go over that story, now I don't have to. But it's totally overblown.
Pixabay/Public Domain
'Don't you think it's interesting that Gelsinger was one of the presenters for Lip-Bu Tan when he won the 2022 Noyce Award. And then, what happened? He resigned from the board, remember in protest to Gelsinger's stuff, Lip-Bu Tan. And now he's running it. And news outlets have the story that there's dissension? When I can't find a single dissenter? I can't!
While we acknowledge the potential of INTC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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